Real Estate Private Equity

VBI seeks to identify the best risk-adjusted return opportunities across real estate cycles and has the ability to engage with local operating and development partners through traditional joint venture structures, or manage investments directly in-house.

Illustrative Investments

Ground-up Development: VBI Real Estate’s in-house development team has managed the development activities, including land acquisition, project design, construction management, leasing, asset management, and divestment, for 3 office developments summing to 62 thousand. Meters of gross leasable area. Office Retrofits: VBI seeks opportunities to take advantage of long-term capital and in-house development expertise to purchase Class B buildings for retrofit, retenanting, and conversion to Class A.

Faria Lima 4400

Faria Lima 4440 tower is a Triple-A LEEDs certified office building located in the heart of São Paulo’s financial district, designed and developed by VBI Real Estate.

Ground-up development

Location: Avenida Brigadeiro Faria Lima, 4.440 – São Paulo, SP

GLA: 22,111 m²

Conclusion: 2011

Rio Office Tower

Rio Office Tower is a Triple-A LEEDs certified office development located in the Center region of Rio de Janeiro, designed and developed by VBI Real Estate. Rio Office Tower won the Real-Estate Master Award in the small and medium-sized office project category in 2009.

Ground-up development

Location: Avenida Presidente Vargas, 1.001 - Rio de Janeiro, RJ

GLA: 18,745 m²

Conclusion: 2011

Bela Paulista

Bela Paulista was an acquisition and gut renovation of a 1968-vintage office building located on Avenida Paulista in the heart of São Paulo’s central business district. Bela Paulista was transformed into an elegant and contemporary building, allowing the building to be re-tenanted and creating attractive financial returns to VBI’s capital partners. The Bela Paulista building won the Real-Estate Master Award in the retrofit category in 2010.

Retrofit

Location: Avenida Paulista, 2.421 – São Paulo, SP

GLA: 6,452 m²

Conclusion: 2010

Paulista 1100

Paulista 1100 was an acquisition and gut renovation of a 1973-vintage office building located on Avenida Paulista in the heart of São Paulo’s business district. Paulista 1100 was transformed into a contemporary office tower, allowing the building to be re-tenanted with prime office tenants and a national retail chain at the ground level.

Retrofit

Location: Avenida Paulista, 1.106 – São Paulo, SP

GLA: 25,079 m²

Conclusion: 2008

Park Tower

Park Tower is a Triple-A Leeds certified office development located in the Jardins region of São Paulo with unobstructed views of São Paulo's centrally-located Ibirapuera Park. The project was completed in 2018.

Ground-up Development

Location: Avenida Brigadeiro Luis Antônio, 3.521 – São Paulo, SP

GLA: 21,204 m²

Conclusion: 2018

VBI has partnered with family-owned, best-of-class developers of for-sale residential condo projects focused on specific primary and secondary markets undergoing income growth in mortgage lending. Since inception, VBI has made more than 20 investments summing to 11,376 units developed totaling 1.2 million sq. meters of living area and R$2.4 billion of sell-out value. VBI’s focus has generally been on starter homes for middle-income families whose purchasing power has been meaningfully impacted by the increasing availability of local bank mortgage lending.

11,376 units developed

1.2 million sq. meters of living area

10 cities

Reserva Jaraguá

Reserva Jaraguá is a 540-unit affordable housing development located in the periphery of the city of São Paulo. Units ranges from two to three bedrooms with unit sizes from 46 to 84 sq. meter.

Residential condo development JV

Location: Estrada Turística do Jaraguá, 2400

Number of units: 540

Living Area: 28,642 m²

Conclusion: 2011

Reserva Jardim Botânico

Reserva Jardim Botânico is a 580-unit affordable housing development situated on a 18,600 sq. meter land site in São Bernardo, at the border of the city of São Paulo. Units range in size from 47 sq. meters to 95 sq. meters. Amenities include multisport courts and a club, swimming pool, barbecue area and party room.

Residential condo development JV

Location: Avenida do Cursino, 5957 - São Paulo - SP

Number of units: 580

Living Area: 28,343 m²

Conclusion: 2014

Central Park Condomínio Clube

Central Park Condomínio Clube is a 906 unit 8-tower residential development located on 60,000 sq. meter of land in the city of Natal, the capital of the northeastern state of Rio Grande do Norte. Units ranges from two to three bedrooms and unit sizes from 64 to 75 sq. meters.

Residential condo development JV

Location: Rua Lucia Viveiros, 255 - Neópolis - Natal - RN

Number of units: 906

Living Area: 64,124 m²

Conclusion: 2014

Cenário

Cenário a residential development project located on a 9,933 sq. meter land site in the city of Santo André, near the border with the city of São Paulo. The Project entailed the development of three towers of 11-floors, 12-floors and 17-floors each, containing 332 residential units ranging in size from 50 sq. meters to 64 sq. meters, summing to a total living area of 19,987 sq. meter. Cenário was originated by Conx Engenharia. Conx and VBI jointly managed the development activities.

Residential condo development JV

Location: Rua Lima, 555 - Vila Camilópolis - Santo André - SP

Number of units: 332

Living Area: 19,987 m²

Conclusion: 2016

SPOT Lago dos Patos

SPOT Lago dos Patos is a 216-unit residential development in the city of Guarulhos, a city with a population of 1.2 million adjacent to São Paulo. The project entailed the construction of a single 27-story tower with 6 units per floor. Amenities include swimming pool, fitness center, game room, barbecue area, toy library and party room.

Sublime Vila Prudente

Sublime Vila Prudente is a residential development project located on a 4,705 sq. meter land site in the Eastern Zone of the city of São Paulo. The project entailed the development of two towers with a total of 193 residential units, with a total living area of 11,219 sq. meter.

Vivace Residence Club

Vivace Residence Club is a 570-unit residential development located on a 23,119 sq. meter land site in a middle-class region of the city of Maringá, State of Paraná. The project entailed the construction of five 19-story towers. Construction was divided into two phases. Vivace Residence Club is a joint venture between VBI and Graúna, a Paraná-based developer.

Residential condo development JV

Location: Av. Itororó, 1259-1297 - Zona 13 - Maringá - PR

Number of units: 570

Living Area: 39,628 m²

Conclusion: 2017

Alameda dos Parques

Alameda dos Parques is a 268-unit affordable housing development located in the periphery of the city of São Paulo. The project entailed the construction of two towers with 134, 50 sq. meters units each. Amenities include swimming pool, barbecue area and party room. VBI controls the development activities of the project.

Residential condo development JV

Location: R. Forte do Triunfo, 375 - São Mateus - São Paulo - SP

Number of units: 268

Living Area: 13,178 m²

Conclusion: 2017

Dez Vila Ema

Dez Vila Ema is comprised of 738-unit affordable housing development located in the city of São Paulo. The project entails the development of two towers with a total living area of 29,882 sq. meters. The project is a joint venture with Cury Construtora, a specialized low-income builder.

Residential condo development JV

Location: Avenida Vila Ema, 3000, Vila Prudente - São Paulo - SP

Number of units: 738

Living Area: 29,882 m²

Conclusion: 2020

VBI’s retail investment team has overseen the development of three shopping centers in markets with growing income levels and a shortage of retail outlets. Since inception, VBI has made three investments totaling over 78,000 sq. meters of gross leasable area.

Parque Shopping Barueri

Parque Shopping Barueri is a joint venture between the Fund and General Shopping Brasil S.A., a local firm specialized in the development and management of shopping centers targeting middle-income consumers. The mall was opened in Q4 2011 and has a total gross leasable area of 35,070 sq. meters. Parque Shopping Barueri offers a mix of 170 stores, food court and entertainment options, with Cinepólis, Renner, Riachuelo, Centauro, C&A and Marisa as the main anchors.

Shopping Praça Nova Araçatuba

Shopping Praça Nova Araçatuba is a shopping mall located in the city of Araçatuba, a regional hub located approximately 500 km from the city of São Paulo. The mall was opened in Q4 2014 and has a total gross leasable area of 21,542 sq. meters. Main anchors are Lojas Americanas, Casas Bahia, Renner, Riachuelo, Kalunga, Burger King, McDonald’s, TNG, Ri Happy, Polishop and Cineflix. VBI’s retail team manages all leasing and asset management activities, with property management outsourced to Aliansce, acting under VBI’s supervision.

Green field shopping mall development

Location: Avenida Carlos Pereira da Silva, 6,000 - Araçatuba – SP

GLA: 21,542 m²

Conclusion: 2014

Shopping Praça Nova Santa Maria

Shopping Praça Nova Santa Maria is a 22,059 sq. meter of GLA shopping mall development located on a 131,000 sq. meter site in the city of Santa Maria, located in the heart of the southern state of Rio Grande do Sul. Santa Maria is a city with a population of 250,000 within the city limits. VBI’s retail team manages all leasing and asset management activities, with property management outsourced to Aliansce, acting under VBI’s supervision. Shopping Praça Nova Santa Maria brought to the central region of the state of Rio Grande do Sul an innovative project that combines shopping, entertainment, restaurants and cultural activities. Shopping Santa Maria is the region's largest shopping center with over 180 stores and attractions.

Green field shopping mall development

Location: BR 287, Km 245 Rua Irmã Dulce - Santa Maria - RS

GLA: 22,059 m²

Conclusion: 2017

VBI has developed over 218,000 sq. meters of Class A multi-tenant industrial parks located along primary highway and railway corridors in the primary markets of Metropolitan São Paulo and Rio de Janeiro.

VBILOG Extrema

VBILOG Extrema is an industrial park located in the city of Extrema, Minas Gerais, with frontage and direct access to the Fernão Dias Interstate Highway. In 2014, VBI acquired a fully occupied warehouse with 34K sq. meters of GLA. During 2017, an additional 64K sq. meters of new warehouse area was constructed on a built-to-suit basis for international credit tenants, bringing the total gross leasable area of the industrial park to 98K sq. meters.

VBILOG Seropédica

VBILOG Seropédica is an industrial park development with the potential for up to 185K sq. meter of gross leasable area located on a 439 K sq. meter landsite adjacent and with access to the Dutra Highway in the municipality of Seropédica, Rio de Janeiro. The landsite is located approximately 60 km from the Center of Rio de Janeiro and 2 km from the Arco Metropolitano, a new ring-road around Greater Rio de Janeiro.

VBI Real Estate has partnered with Uliving, Brazil’s leading developer and operator of purpose-built student housing. Uliving operates 6 student housing properties in 4 cities in the states of São Paulo and Minas Gerais, and is a leading pioneer in the promising Brazilian student housing market.